Baumer Acquires Majority Of Waaree Instruments Ltd. In India
Mumbai, 4 November 2010 - The Swiss Baumer Group, one of the
leading global manufacturers of sensors and sensor systems, today
announced that it has acquired the majority of Waaree Instruments
Ltd., one of India’s leading suppliers of process control
instruments. The company is part of the Indian Waaree Group, a
family enterprise based in Mumbai. Financial terms of the deal were
not disclosed.
“The acquisition will boost our activities on the Indian
subcontinent. It complements the international expansion strategy
of Baumer and is an excellent opportunity to strengthen our process
instruments business,” states Dr. Oliver Vietze, Chairman & CEO of
the Baumer Group. “Waaree Instruments is an established player in
India with a widespread Indian distribution network and
state-of-the-art manufacturing facilities. This will improve our
ability to meet local customer requirements, speed up our local
delivery and to timely react to the dynamic and growing Indian
market.” With the acquisition, Baumer will achieve a leading
position in the Indian market.
Baumer started its Indian business in 2007 with a sales company
based in Pune, initially focusing on the factory automation sector
with its Sensor Solutions, Motion Control and Gluing System
activities. It was expanded with Baumer’s Process Instrument
portfolio in 2009. Market activities in India of both, Baumer and
Waaree, will be aligned within the next months. The acquisition
creates a benefit for local customers as they can select from a
broader portfolio of mechanical and electronic Process Instruments.
Over the past years, Baumer has successfully implemented its policy
of establishing itself as a global company with strategic local
representations.
About the Baumer Group:
Baumer is a leading international manufacturer of sensors and
sensor systems for factory and process automation. The family-owned
company is headquartered in Switzerland (Frauenfeld) and employs
more than 2,000 people worldwide in 35 locations and 18 countries.
The long-lasting success is built on high customer focus as well as
the innovative and diversified product range of the five product
segments Sensor Solutions, Motion Control, Vision Technologies,
Process Instrumentation and Gluing Systems. For further information
please refer to www.baumer.com.